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Nov 8, 2012
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the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corru
the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this...
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Nov 9, 2012
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u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it. we're patsys to the iranian supreme leader. this information is coming from the u.s. side. cnn reported it. it's significant to me, my information is that iran has now reported it to the iranian people. in farcesy. they reproduced the cnn report and sadded this, cnn did not sa how they recognized these were revolutionary guard fighters. >> i want to come to the quasi cover-up, whatever it was. i know it's an unmanned drone, it's our plane, it's our real estate. >> it's a predator, it's a drone. >> why don't we do something in return? that's what i'm saying. why do they feel they can do this with impunity? >> the
u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it....
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Nov 9, 2012
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again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial production. the fears again of the fiscal cliff certainly outweighing what we're seeing in china at the moment. there's been a lot of action the last hour or so in the energy market, particularly in rbon gasoline futures here. keep your eye on natural gas. it is going to get a little warmer here on the east coast causing a little slide in gas futures. >>> bertha coombs has a "market flash." >> standard energy stock hitting a new low today despite they did report record production yesterday. one of their big shareholders, tpg axon hedge fund is calling for big changes there on the boa
again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial...
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Nov 29, 2012
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way congress would wouldn't come up with come miz, no way they'd face their constituents after the u.s. debt was down graded and if that happened, i thought interest rates would go higher and stocks wouldn't respond well. so it certainly doesn't sound in washington right now that these guys are in any way conciliatory or reaching across the i'll. we just don't know. and that lack of information i think kikts tole volatility. in a lot of people believe that somehow or other both case and difficult difficult ends. to beat the tax hike on dividends, costco, murphy oil, disney, ebay, del, oracle and sh washington bureau. what do you think? should people look up there before they why not take advantage of the lower tax rate. you'd hope they have something better to. >> but if it's cash they don't have an immediate use for. the special dividend makes a lot of sense. you get the horse to walk in the direction of the carrot. knock the stick. so the more you tax something, you don't get more of it. >> that's the whole problem. >> it doesn't make sense. >> the the whole big picture of this thing
way congress would wouldn't come up with come miz, no way they'd face their constituents after the u.s. debt was down graded and if that happened, i thought interest rates would go higher and stocks wouldn't respond well. so it certainly doesn't sound in washington right now that these guys are in any way conciliatory or reaching across the i'll. we just don't know. and that lack of information i think kikts tole volatility. in a lot of people believe that somehow or other both case and...
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Nov 7, 2012
11/12
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fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a chan
fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at...
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Nov 7, 2012
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my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you very much. we'll keep watching both those stories. let's get to john fort. he just spoke with the qualcomm ceo on the heels of their earnings report. let's find out what he has to say. john, over to you. >> maria, you already mentioned the headline numbers. i want to focus on guidance and a bit of color. that might change the way people are thinking about some elements of technology, and particularly the smart phone market. i want to talk about guidance. wall street was looking in the coming quarter -- i guess the current quarter now, for revenue of around $5.3 billion. non-gap eps of around $1. what qualcomm has
my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you...
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Nov 29, 2012
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there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from
there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off...
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Nov 9, 2012
11/12
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it's very important for housing in the u.s. economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating downgrade. i just don't think the equity market is going to react as adversely as it did august of it happens. let's soo write headache out and thi think. >> got it. david, thanks so much. >> my pleasure. >> david bianco, chief strategist at deutsche bank. >>> breaking news and our very own mair thompson is on the floor with the stock exchange. ma mary? >> there's a key change way tojt bring to our investors or viewers' attention. this year they're providing a little bit of konk for those submitting new capital
it's very important for housing in the u.s. economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's...
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Nov 30, 2012
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it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you can't stay. you can't go into stock for an investment case and then the investment case goes to hell in a hand basket. this one did. >> and by that dip in the quarter is why i think there is an opportunity. >> when you're only looking for 200, that is a big delta. stay away until -- >> valuations were too high. now i think they're giving an opportunity to get in. >> joe, what do you do with this? who made the more compelling argument on yum? >> i think i made the more compelling argument and it's this. it has to do with the macro call on the
it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you...
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Nov 27, 2012
11/12
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despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in charge of california. >> seven hours to charge it, jane. make anybody happy? how far does the volt go, if it goes 30 miles before the charge runs out. >> the leaf goes 80, not even a day's commute for me h >> doesn't work. >> finally, larry ellison scoping up his tenth house on malibu's so-called billionaire's beach. jane this is right up your alley. >> yeah you know, pretty soon, he owns some houses just billionaire, singular. here is the headline, the house he bought, ocean front malibu, billionaire's beach, assess
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in...
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Nov 8, 2012
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
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Nov 30, 2012
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. >>> if lawmakers allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500
. >>> if lawmakers allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember...
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Nov 13, 2012
11/12
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according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be
according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves,...
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Nov 21, 2012
11/12
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we have former u.s. ambassador. mark, i ask you first. the negotiations for peace is going to take whatever. are they getting done what they need to get down to take out the hamaas military all it is going to do is get to a point where hamas is out of missiles. and so there will be another round of missile firing because there will be no durable missile firing. you have the head of the muslim brotherhood sympathizes with hamas. who is to say iran working through will replentish the weapons loss and we'll go through this whole thing all over again? >> good evening larry and mark. i'm told that hamas is boasting tonight of major success. because for the first time ever hamas has seen delegations of foreign states. into the gaza strip so hamas the terrorist organization is celebrating all of this success and now hillary clinton is heading to cairo, this is a celebration for the bad guys. >> what is secretary clinton going to do? the bad guys are proclaiming victory here. those are bad guys. i don't see how in the world this can play out favo
we have former u.s. ambassador. mark, i ask you first. the negotiations for peace is going to take whatever. are they getting done what they need to get down to take out the hamaas military all it is going to do is get to a point where hamas is out of missiles. and so there will be another round of missile firing because there will be no durable missile firing. you have the head of the muslim brotherhood sympathizes with hamas. who is to say iran working through will replentish the weapons loss...
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Nov 15, 2012
11/12
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now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising faster. >> well, i think you're right to point out that, you know, these things change from month to month. depends on things like whether we're sending out tax refunds. one month isn't everything. but i think the concern has to be that the revenue rise may not condition if the economy doesn't prosper. we've seen some real weakness late in the second half of 2012. i'm deeply concerned about the outlook going forward. and without growth, we don't solve any of knees problemthese. the second problem is the spendi
now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising...
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Nov 27, 2012
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u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, co
u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level...
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Nov 10, 2012
11/12
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according to u.s. military officials ea games paid the navy s.e.a.l.s to disclose classified materials and use unauthorized equipment for their newly released game "medal of honor, warfighter" and brent thor, brad, by the way, i love the book. >> this is a nasty story because the s.e.a.l.s are among the best and the brightest. why is this think? >> let's be clear. ea did not pay them to turn over equipment and top secret stuff. they paid them to consult on a very hot video gaming series and it's not against the rules for the s.e.a.l.s to do this, but they have to have the command and that's the problem and why they're in trouble as well as they did disclose apparently some tactics and procedures they shouldn't have, and also they shared some high-tech gadgets that only s.e.a.l. team six has access to. >> but the army and pentagon has remanded them and basically ending their career and they must think it's a pretty serious violation. >> these guys are frozen and they got a letter of reprimand in their j
according to u.s. military officials ea games paid the navy s.e.a.l.s to disclose classified materials and use unauthorized equipment for their newly released game "medal of honor, warfighter" and brent thor, brad, by the way, i love the book. >> this is a nasty story because the s.e.a.l.s are among the best and the brightest. why is this think? >> let's be clear. ea did not pay them to turn over equipment and top secret stuff. they paid them to consult on a very hot video...
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Nov 8, 2012
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would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with big factories. we are called chip designers and somebody builds them for us. we hope to see growth in the united states. i mean -- >> all right. we were going the lose that shot at 9:50 eastern time. >> the edge on that one. >> you want to use every single second. >> someone like paul jacobs. >> people. at home should know we knew this was coming and didn't want to let you down. bet tore hear from him than from us. this is the most important guy trying to save the market today. >> right. >> and so we did go over and that's what happens. >> you asked the questi
would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with...
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Nov 8, 2012
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good-bye to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what do you think's going on here? >> well, i hope it is a thaw that's going to result in some significant progress. we're way behind in terms of work that just needs to be done. i mean, provisions in the tax law that if expired will be going on almost a year now. more at the end of this year. so this short-term fiscal cliff has to be gotten out of the way. that's just noise. and then we need to get serious on the long-term fiscal strategy, which includes economic growth, comprehensive tax reform, and entitlement reform. those three are all i think integral parts of a plan that would see america and our ec
good-bye to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what...
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Nov 12, 2012
11/12
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but the iea says that the u.s. is going to overtake saudi arabia as the top oil producer in the world by 2020. then by 2035, just about two decades from now, we will see our reliance on middle eastern oil completely gone. in fact we will become completely self-sufficient in terms of our energy needs. how will this happen? what is the road to our energy independence? well, we've already seen it happening. we've already seen conventional oil and gas production start to taper off and we're getting that oil and gas from unconventional sources, from fracking. and that is increasing dramatically. in fact, nearly half of the global production that we're seeing in natural gas in particular through 2035 is going to come from unconventional gas, according to the international energy agency, and majority of that will come from the united states. so what does this mean for the dploe global energy trade? it means we're going to see a build-up and diversification of oil and gas that's going to change that landscape as well. in f
but the iea says that the u.s. is going to overtake saudi arabia as the top oil producer in the world by 2020. then by 2035, just about two decades from now, we will see our reliance on middle eastern oil completely gone. in fact we will become completely self-sufficient in terms of our energy needs. how will this happen? what is the road to our energy independence? well, we've already seen it happening. we've already seen conventional oil and gas production start to taper off and we're getting...
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Nov 14, 2012
11/12
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but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific about these major policy changes rather than throwing a blanket over an entire industry. >> great point. we're going to leave it there. you're betting on whether or not we go over the fiscal cliff this year. what do you think? >> i'm worried. >> you're frworried. >> i don't see the leadership at this point in time i'm hoping to see from the white house. >> walt, great to have you on the program. really appreciate it. walter is the president and ceo of the charles schwab corporation. >>> meanwhile, the honeywell ceo was at that fiscal cliff meeting with president obama today. it just wrapped up. he joins us now for a first-on cnbc interview from the white house. david, good to have you on the program. thank you so much for joining us. >> thanks. good to be here. >> okay. so leading up to this meeting with the president, you were skeptiabou seeing a deal
but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific about these major policy changes rather than throwing a blanket over an entire industry. >> great point. we're going to leave it there. you're betting on whether or not we go over the fiscal cliff this year. what do you think? >> i'm worried. >> you're frworried. >> i don't see the...
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Nov 26, 2012
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it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program, research in motion, the target of bullish calls over the last couple trading sessions. we're going to talk about the launch of black berttblackberry. >> winklevoss will drop by and talk about why they invested 750,000 into one specific deal. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race trac
it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program, research in motion, the target of bullish calls over the last couple trading sessions. we're going to talk about the launch of black berttblackberry. >> winklevoss will drop by and talk...
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Nov 29, 2012
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. >>> new positive signs on the u.s. economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got there. big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse
. >>> new positive signs on the u.s. economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got...
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Nov 29, 2012
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. >>> what happens to the dollar if lawmakers can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at
. >>> what happens to the dollar if lawmakers can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i...
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Nov 16, 2012
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u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is going to come back and take out all those stops for those who
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the...
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Nov 27, 2012
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>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going on. >> i don't think they made that comparison on school house rock. >> he was watching a different schoolhouse rock. >> the jack black "schoolhouse rock." >> the fiscal cliff is just a great headline but the tip of the iceberg of what is really ailing or what could potentially ail this market in weeks to come. we are within the whisper of a four-year high. europe is a mess and the data in the states has been mediocre at best. the fiscal cliff is an easy thing
>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't...
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Nov 8, 2012
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even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in the economy and stimulus, but you can't get older people to spend money, and europe has the worst problems because they have the worst demographic. >> listen. the economist in britain taught us that demographics do not have a very strong predictive value, particularly when it comes to markets. in 1998, harry wrote a book saying the dow was going to 35,000. in 2009, he wrote about the great depression that was ahead, and the s&p has gone up 110% off the lows. the economy has gone to new highs in gd
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice...
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Nov 29, 2012
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u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can
u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off...
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Nov 15, 2012
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today the u.s. has a treaty with taiwan that we'll, you know, protect them if they're invaded by the chinese. there's just one problem. we'll have to borrow the money from china to do it. >> unbelievable. we're going to take a short break. with we come back, i want to ask you, what about the fed? where does qe-1, 2, 3, and maybe 4 play into all this? stay with us. more with erskine bowles and alan simpson. stay with us. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in
today the u.s. has a treaty with taiwan that we'll, you know, protect them if they're invaded by the chinese. there's just one problem. we'll have to borrow the money from china to do it. >> unbelievable. we're going to take a short break. with we come back, i want to ask you, what about the fed? where does qe-1, 2, 3, and maybe 4 play into all this? stay with us. more with erskine bowles and alan simpson. stay with us. ♪ [ female announcer ] today, it's not just about who lives in the...
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Nov 14, 2012
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so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company is pushing. we look back historically, there are more enterprise switched. now the big push is in the data center. you think about the server market, that's about a $50 billion opportunity. so i think cisco's vision -- and i agree with it, they need to be a broader i.t. vendor, not just a networking vendor. server ucs broadens their market exposure. >> so what does scientific atlanta do at this point? do we even talk about it anymore? does it complement what they have? >> it definitely complements the product port
so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company...
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Nov 30, 2012
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a french minister says the u.s. is franchising industry. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us
a french minister says the u.s. is franchising industry. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus...
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Nov 19, 2012
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. >>> if congress drifts u.s. economy off the fiscal cliff, the department of education's 2013 budget will be cut by over $4 billion with $256 million cut from the federal student aid program. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire ou
. >>> if congress drifts u.s. economy off the fiscal cliff, the department of education's 2013 budget will be cut by over $4 billion with $256 million cut from the federal student aid program. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good...
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Nov 29, 2012
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we're very focused here in the u.s. on u.s. relations and trade with other countries, but trade is now happening, south-south trade, you have malaysia and new year's trading aggressively across the south region with brazil. i think the growth in the emerging world is not to be missed. but a good way to play it is through u.s. nationals. they can benefit from some incredible effect know logical things happens. 3-d printing is phenomenal. but you have technological advances that are going to allow countries as i said thailand, the philippines, indonesia, brazil continuing to develop their domestic economies. >> what do you say to a client or buddy who says your stock portfolio makes sense you may want to buy some art. >> if the orld's largest economies are weakening their -- so i think art and real estate in some areas does make sense. art starts to be an investment that isn't for everyone, right, because it's not super liquids and you have to really understand what you're buying. you can also get killed in those environments. >>
we're very focused here in the u.s. on u.s. relations and trade with other countries, but trade is now happening, south-south trade, you have malaysia and new year's trading aggressively across the south region with brazil. i think the growth in the emerging world is not to be missed. but a good way to play it is through u.s. nationals. they can benefit from some incredible effect know logical things happens. 3-d printing is phenomenal. but you have technological advances that are going to...
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Nov 6, 2012
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the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is probably as much about just election uncertainty coming out of the market, not about whether it's a romney or obama victory. it is people just looking at it. it's election uncertainty coming out. >> that makes a lot of sense. real quick, let's go around the horn here. how do you allocate capital? what do i want to be exposed to, and what do i want to sell in 2013? given all of this that we know so far. >> well, you definitely want to get out of defense stocks. you don't want to be there because i think that those have already moved. if you get an obama win, you're going t
the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is...
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Nov 8, 2012
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right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one brand. it has the greatest brand awareness. these are the results you get with great brand awareness. what does that mean? what else can it did? it has to figure out something else. then when it has to figure out something else, that means it has to figure out something else. it's not going what it's known for doing. >> you know, silicon valley entrepreneur told me yesterday that he's positive about facebook. i want you to hear what he said about mark zuckerberg and get your reaction. >> i think he's not only one of the best technology industry ceos, i thin
right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one...
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Nov 29, 2012
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u.s. will be the top producer, but u.s. will use a lot of oil at home and saudi arabia will produce less than united states but we will be the largest exporter. in terms of russia, the shale production increases in terms of natural gas but u.s. increase is much more than russia. so when we look at the global picture we see u.s. will be number one, followed by russia and saudi arabia. >> all right. well there you have it, bold forecast and rationale behind it. back to you. >> thank you for that, sharon epperson. >>> coming up next, it must be opposite day because there is actually some good news for rim. >>> later on the short list to buy hostess. the story like the twinkie -- hard to kill. back with it after the break. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who
u.s. will be the top producer, but u.s. will use a lot of oil at home and saudi arabia will produce less than united states but we will be the largest exporter. in terms of russia, the shale production increases in terms of natural gas but u.s. increase is much more than russia. so when we look at the global picture we see u.s. will be number one, followed by russia and saudi arabia. >> all right. well there you have it, bold forecast and rationale behind it. back to you. >> thank...
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Nov 7, 2012
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u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy. apple at $564 i believe? there's $564. when apple hit that you saw the move to the downside. i think it is pretty simple explanation. one-thi one-third, one-third, and maybe one-third. >> as soon as the election's over, we'll go back to talking about europe. >>> sew ma mowdy is at the nasdaq. tech stocks are getting real crushed. >> absolutely, mandy. down about 65 points on the nasdaq. the s&p tech index at or near correction territory. as bob was pointing out, apple is the big story. breaking some key
u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy....
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Nov 9, 2012
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you can see total u.s. beef production is going down starting with a back drought in texas last year. look at what the usda says that are do the prices. steer prices averaged $1.16 a year neck next year. parkers are severely in the red. it could be the worst year they'they have ever had. there jane, tell them you're doing tv. >> this is texas. >>> when we come back, why a leadership change might be the thing they need to get back on track. we're back after a short break. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> coming up at the top of the hour, a special edition of halftime. the markets and the fiscal cliff. can a deal be reach and what do investors need to hear from the president today
you can see total u.s. beef production is going down starting with a back drought in texas last year. look at what the usda says that are do the prices. steer prices averaged $1.16 a year neck next year. parkers are severely in the red. it could be the worst year they'they have ever had. there jane, tell them you're doing tv. >> this is texas. >>> when we come back, why a leadership change might be the thing they need to get back on track. we're back after a short break. up. a...
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Nov 27, 2012
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 9, 2012
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guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position bu
guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been...
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Nov 12, 2012
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u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa
u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the...
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Nov 16, 2012
11/12
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u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and...
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Nov 27, 2012
11/12
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we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the market. from thanksgiving onwards it really generates a big car market. >> andy goss, president of jaguar and land rover in the united states. sales this year up 18% for land rover here in the u.s. this goes on sale mid-december. carl. >> all right, phil. enjoy l.a. we'll see you in a little bit. senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell yo
we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the...
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Nov 16, 2012
11/12
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the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and trade. >> i'm a little pessimistic because in the kind of world we live in where there's a struggle for global demand, that struggle will show up in the trade area. >> reporter: rhetoric about china flared on on the campaign trail with barack obama promising to stand up to china as he heads into his second term. >> i set up a trade task force to go after cheaters. that's why we brought more cases than the previous administration in two terms. >> reporter: cases for example over auto parts and solar panels.
the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and...
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Nov 22, 2012
11/12
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that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time. now as someone who worked in there years ago as arthur did, short period of time, you will take the better part of the winterer to make a deal. so we are going to go into recession. the question is, do you think the president can take that and do you think he can really blame republicans? is it that easy, or is all hell going to break loose in the country? >> i think it will be absolutely terrible if we go over and stay over the cliff long enough for recession. i don't care who blames whom but i will blame everybody up there. this economy actually has a little bit of mome
that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time....
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Nov 28, 2012
11/12
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mostly watching dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested the 200-day moving average. as we close out the month of november. we've seen relative strength in small cap stocks over large cap stocks. we're looking for that relationship to hold up, as well. and tomorrow we'll be looking at the growth number, which of course, consensus will expect an increase. we don't think it'll be a game changer because of the head winds such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
mostly watching dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested...
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Nov 28, 2012
11/12
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CNBC
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mercedes, how much is being driven, taking production out of the europe and china, and pushing it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the volumes we need to sell. >> real quick, we're here at the prius stand. you guys are standing by your position that hybrids is where it's at. >> yes, we are. the market is about 3% hybrid, we're about 14%. we'll continue to push hybrids. >> jim lentz, with his first on cnbc interview here at the auto show. >> thank thank you very much. >>> stef, you like the parts suppliers? >> i was just going to mention, the fuel emission standard changes borg-warner helps to make those parts, so i think you'll see continued secular growth in that theme. that's the name i like. the stock is done on the backlog weakness. i like that story.
mercedes, how much is being driven, taking production out of the europe and china, and pushing it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the...
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Nov 29, 2012
11/12
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u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch.
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy...
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Nov 15, 2012
11/12
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hamas, which the u.s. and israel consider a terror organization initially -- essentially runs the gaza strip, the palestinian militants there have already begun retaliations firing rocket after rocket across the border into israel. and now the potential of another conflict. in a region already dealing with a bloody civil war in neighboring syria. leland i have the materiality along the israeli/gaza border with more. leland? >> tonight, shepard, we can hear the unmistakable sound of israeli f-16s starting their bombing runs into the gaza strip. you then see the bright flashes of light when those 2000 pound bombs go off and you hear the reverb rations of the explosions at the same time we are also seeing those rockets fly out of the gaza strip here in to southern israel. this attack on ahmed really caught hamas by great surprise. not only the intelligence required to carry out such a pinpoint strike but also the fact that israel has begun its targeted killings once again a number of militants met their end t
hamas, which the u.s. and israel consider a terror organization initially -- essentially runs the gaza strip, the palestinian militants there have already begun retaliations firing rocket after rocket across the border into israel. and now the potential of another conflict. in a region already dealing with a bloody civil war in neighboring syria. leland i have the materiality along the israeli/gaza border with more. leland? >> tonight, shepard, we can hear the unmistakable sound of...